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deff fn [24]
3 years ago
6

When makers of a product increase their price, consumers are often unwilling to continue to purchase the product (or at least as

much of the product). This is known as?
Business
2 answers:
Romashka [77]3 years ago
4 0
<span>This is known as the law of demand. As price of a product rises, the quantity demanded decreases. Conversely, if the price of a good or service decreases, then the quantity demanded will rise. When producers raise prices of their goods or services, consumers may find other products, called substitute goods to use in place of the normal goods.</span>
dusya [7]3 years ago
3 0

Answer: C) the Law of Demand.

Explanation:

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Using accrual accounting, expenses are recorded and reported only: _A. when they are incurred and paid at the same time. B. if t
sleet_krkn [62]

Answer:

C. when they are incurred, whether or not cash is paid.

Explanation:

In accrual accounting, expenses are recorded in the moment they are incurred, even if they have not been paid for.

In fact, the term "accrued expense" means an expense that has been incurred, but not yet paid.

One common example of an accrued expense is accrued wages:

Suppose that a firm hires a worker on March 1, for a wage of $1,000 dollars per month, that is due to be paid at the end of the month (March 31). This worker is earning $33 per day. By March 4, the firm should have recorded accrued wages for $132 ($33 x 4 days) even if no payments will be made until March 31.

4 0
3 years ago
Tri-coat Paints has a current market value of $50 per share with earnings of $5.97. What is the present value of its growth oppo
Gnesinka [82]

Answer: $0.25

Explanation:

Fron the question, we are informed that Tri-coat Paints has a current market value of $50 per share with earnings of $5.97. We are further told that the required return is 12%.

The present value of its growth opportunities (PVGO) will be:

= $50 - ($5.97/12%)

= $50 - ($5.97/0.12)

= $50 - $49.75

= $0.25

Therefore, the present value of its growth opportunities (PVGO) if the required return is 12% is $0.25.

6 0
3 years ago
Which of the following is a correct statement?
Nastasia [14]

Answer:

The answer is B.

Explanation:

In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.

In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.

8 0
3 years ago
Calculate the opportunity cost if cliffordstan switched from producing combination c to producing b.
Whitepunk [10]

The opportunity cost of shifting from point C to D is 40 tons of oranges.

<h3>What is the formula for calculating opportunity cost?</h3>

Opportunity cost is the help you forego in choosing one duration of action over another. You can determine the opportunity cost of picking one investment option over another by using the following method: Opportunity Cost = Return on Most Profitable Investment Choice - Return on Investment Chosen to Pursue.  The law of increasing opportunity cost: As you increase the production of one good, the opportunity expense to produce the more goods will increase.

To learn more about the Opportunity cost visit the link

brainly.com/question/13036997

#SPJ4

5 0
1 year ago
What important services do journalists and broadcasters perform for our community? Give one example of a situation where journal
eimsori [14]

Answer:

They have been helpful by giving us news about things we would never find out on our owns like there was a car crash on the highway.

Explanation:

3 0
3 years ago
Read 2 more answers
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